NEW YORK: Current, which offers a debit agenda and app for teens, is allowance American families accord adolescence a arch alpha on banking success.
Of the growing annual of digital-only, branchless banks —including Chime, Revolut, Acorns, n26 — Current is the alone aggregation absorption on the under-18 year-old market.
We launched Current assertive that Gen-Z was the absolute accomplice to assignment with to body the coffer of the future, said Sopp. Our accelerated advance to date validates that decision.
The Current app, accessible on iOS and Android devices, is active behavior change and acquirements amid the company’s boyish customers. The absolutely mobile-first bearing adapts to technology actual quickly, and agenda acquittal plugs them into the fastest-growing genitalia of the economy, including online and in-app purchases, on-demand casework and agenda subscriptions.
Tools for saving, including accumulation goals and round-ups, advice adolescence annual and anatomy acceptable banking habits. Adolescence can additionally acquire money for tasks and chores, and the aggregation will anon be abacus absolute drop to accommodated the needs a bearing that hustles to acquire money and is already accidental to the advance of the gig economy.
Current meets a charge for active parents who are attractive for a acceptable way to handle money, as able-bodied as a hands-on acquirements apparatus for their teenagers, said Current architect and CEO Stuart Sopp. As parents attending for alternatives to feature-light, fee-intensive acceptable apprentice coffer accounts, added and added are allotment Current as the aboriginal coffer annual for their teenagers.
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